Paper presented at the Conference on The Economics of Natural Gas Development, 21st and 22nd June 1982, Venice
“In 1955 natural gas represented one percent of total energy consumption in the Western European countries. Over the next 25 years that figure grew to 16% even as the total energy consumed in those countries more than doubled. In the developing countries today, natural gas accounts for about 5% of the total commercial energy used. At the same time, their gas reserves (excluding the OPEC member countries) are about 100 times as large as current consumption. The technical feasibility of rapid gas development in the LDCs is clear.”
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Reproduced with the permission of World Bank